Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian Dollar Market. As the world's fourth-largest forex trading center, it attracts numerous international financial institutions and investors due to its advantageous geographical location, stable political environment, and advanced financial infrastructure. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker CMB in Singapore as planned. According to public information, its office address is 8 Marina View, Asia Square Tower 1, #32-01, Singapore.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Singapore according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the dealer CMB.

The field investigator proceeded to the target area based on the address information to conduct an on-site verification of the trader claiming to be located at 8 Marina View, Asia Square Tower 1, #32-01, Singapore CMB.

The field investigator successfully arrived at Asia Square Tower 1, located in a bustling area of Singapore with a vibrant commercial atmosphere. The building is one of the most luxurious office towers in Singapore. The investigator captured photos of the building's directory but did not find any signage or related information for CMB company.

The surveyor entered the building lobby and explained their purpose to the security personnel. After communication, they obtained permission to enter.

However, due to strict security measures, the inspection personnel were unable to reach the target floor (32nd floor) and thus could not confirm the specific location of CMB company. Additionally, no signage for CMB company was observed inside the building, and they failed to photograph the reception area or its logo. Furthermore, the office space in question was not a shared workspace.

Due to the inability to access the company's premises, the field investigator was unable to observe the internal office environment. Overall, after the on-site inspection, it was confirmed that the dealer CMB does not exist at the aforementioned address.

Conclusion

The on-site investigator visited the forex broker CMB in Singapore as planned. However, no information such as the company name of the broker was found at its publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be taken as the final basis for selection.